global institutional investment manager partners with MT Finance
MT Finance Limited (“MTF”) an award winning independent bridging loan lender today announces it has entered into a relationship with a Global Institutional Investment Manager with over $1.4 Trillion of assets under management. Under the agreement the Fund has committed to initially acquiring up to £125m of bridging loan assets from MTF with an option to acquire a further £125m.
Established in 2008, by co-founders Joshua Elash and Tomer Aboody, MTF has grown over the last 8 years from establishment to having successfully completed in excess of £250m in loans in the last few years predominately funded from their relationships with high net worth individuals.
Throughout this time MT Finance has assisted property professionals, business owners, and individuals with their finance requirements. MTF’s reputation in the market excels for delivering fit for purpose bridging loans at sensible rates, and its approach to lending is something that has been consistently recognised within the financial services industry with the company winning various sector awards including Business Moneyfacts Best Bridging Finance Provider 2016.
Joshua Elash, co-founder, said,“We are delighted to be partnering with an institution of such significant standing and this additional funding will enable the company to drive forward the ambitious growth plans we have in place to grow MTF into the market leading bridging finance provider”
Tomer Aboody, co-founder, said, “This is an exciting day in MTF’s history and starts a new chapter of growth. We look forward to continuing to engage with our highly valued client and broker relationships. We move forward into 2017 with significant optimism for the future”
MTF was advised by the Financial Services Corporate Finance team at EY.
Joshua Elash said, “We would like to give our thanks to Nick Parkhouse and the team at EY who spent the time to understand the shareholders goals, worked with us to devise a long term plan and then set about executing the transaction supporting us through the entire process.”
Nick Parkhouse, Executive Director and head of Financial Services Debt Advisory, said, “The team here is absolutely delighted for Joshua and Tomer and the whole team at MTF and look forward to continuing to support them in their future successes.”
Charles Bischoff and Katie McMenamin at the finance legal team at Travers Smith LLP provided Legal advice to MTF.